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F1 star Lewis Hamilton joins new Denver Broncos ownership group

ENGLEWOOD, Colo. - With the final step of the purchase of the Denver Broncos by a group led by Walmart heir Rob Walton set for next Tuesday, the Walton-Penner group has added another high-profile investor to it ranks.

Walton announced Tuesday morning seven-time Formula One champion Lewis Hamilton will now have an ownership stake. Hamilton joins former United States Secretary of State Condoleezza Rice, who joined the group as an investor last month.

"We're delighted to welcome seven-time Formula One World Champion Sir Lewis Hamilton to our ownership group,'' Rob Walton said in a statement.